The ex-CEO of infamous Japanese Bitcoin exchange Mt Gox – Mr. Mark Karpeles urged the Illinois U.S. District Court federal judge on Monday not to certify a class suit from plaintiff Mr. Gregory Greene that claims Mr. Karpeles misrepresented the exchange’s safety, security, and operation in the “terms of use”...
After years of waiting, the trustee on 15th Dec submitted the draft Mt Gox rehabilitation plan to the court. The Tokyo District Court and an examiner will review the draft rehabilitation plan and determine whether to proceed with the rehabilitation proceedings as per the draft rehabilitation plan. Background: Mt Gox...
Mt Gox was a Bitcoin exchange based in Tokyo, Japan that went bankrupt and halted all withdrawals in Feb 2014 after more than 850,000 BTC were supposedly lost to hackers, with 200,000 bitcoins recovered 2 weeks later. At the time, Bitcoin was trading at around $700 and Mt Gox was...
